What are airdrops and how do they work?

While airdrops are a new marketing strategy, there are already four main types: Standard airdrops typically involve completing a small task to become eligible, then the coin or token is sent to your wallet’s address. Open to the public. Exclusive airdrops are for specific users who have shown loyalty to a company or project.

What is an exclusive airdrop?

An exclusive airdrop is an even more centralized way of rewarding those closest to the project and may give airdrops to wallets that may not hold any tokens at all. Some of the types of airdrops above may be combined with a raffle airdrop.

What are cryptocurrency airdrops?

Cryptocurrency airdrops are aptly named in reference to physical airdrops using aircraft. Airdrops using aircraft entail the delivery of resources (such as weapons, food, or medicine) that physically drop out of the sky.

Are airdrops becoming an industry norm?

Perhaps the real benefit of airdrops becoming an industry norm is that they have brought to fruition an expectation that users like you and me should receive a bigger slice of the rewards from projects we’re supporting – and that’s something that may transcend crypto.